• Andrew Collins

Online Betting in China – Smart or a Gamble?

Updated: Jun 12, 2019

In mainland China, gambling is illegal except for the state run lotteries, the Welfare Lottery and the Sports Lottery. Interestingly however, there was a burst of online betting around the World Cup supported by Internet giants Alibaba and Tencent. Neither Alibaba nor Tencent have gambling licenses, so how did such high profile companies get away with it? By partnering with the state run lotteries for the World Cup. Both have shrewdly realized the potential of these lotteries on the digital front, and acting as hosting platforms, they’ve profited by taking a cut of the money gambled. Not ignoring the growing mobile market, both brands have even established mobile applications that make placing bets online easy – so easy that it is estimated over 10 billion yuan will be bet legally.

The ease of online gambling through apps like Tencent’s WeChat is a major reason why legal gambling at  the World Cup has increased, from only 2.3 billion yuan bet in the 2010 World Cup. People who  normally wouldn’t line up at lottery centers can place bets conveniently online. Additionally, bets can be  just a few yuan, making it easy for anyone to be able to gamble. Smartphone applications have such  simple interfaces for placing bets on teams that it’s also easier to gamble without knowing much about  football or gambling, since the potential to earn money is just a few clicks away.

Of course, unkosher gambling is prevalent as well. Aside from street side betting of all sorts, Chinese netizens have found ways to gamble on foreign sites (since Chinese online gambling sites are also banned). Plenty of gambling sites accept Chinese gamblers, and some even accept Chinese forms of payment. None of these methods are actually allowed, but people have always found ways to get around the authorities. Now that Alibaba and Tencent have found a way to make online gambling accessible by working with the state lottery system, perhaps legal gambling will become prevalent for other events after the World Cup ends. However, with the government’s recent clamp down on corruption, there might be a limit to gambling, illegal and legal. China’s infamous social media personality, Guo Meimei was recently arrested for illegal betting during the World Cup, showing consequences even for those with ties to China’s rich and famous. In many aspects, China’s Internet giants are driving China’s future, testing the boundaries of technology and government control. While the future of online betting looks tentatively promising, like many things in China, is still a gamble.

1 view

Global HQ, China 

1199 Middle Fuxing Road, Building A, 301, Shanghai 200025

+86 21 6445 9899

Info@mailmangroup.com

London

1st Floor, The Windsor Centre

15-29 Windsor Street, London

N1 8QG

+44 203 637 7447

Info@sevenleague.co.uk
Private Policy

APAC HQ
Singapore 

Mailman Pte. Ltd..

5 Shenton Way, UIC Building, #11-S1103 Singapore 068808


(+65) 90263042
Janna@mailmangroup.com

Los Angeles

Gideon Clark
 

+1 216 456 7782 

gideon@mailmangroup.com

Case Studies

Consulting

Agency

Regions

About

Careers

Red Cards

Blog

Contact 

Case Studies

Consulting

Agency

Regions

About

Careers

Red Cards

Blog

Contact 

Case Studies

Consulting

Agency

Regions

About

Careers

Red Cards

Blog

Contact 

Case Studies

Consulting

Agency

Regions

About

Careers

Red Cards

Blog

Contact 

  • Instagram - White Circle
  • Facebook - White Circle
  • LinkedIn - White Circle
  • Twitter - White Circle
  • WechatIMG12273
  • weibo-social-logo
  • Instagram - White Circle
  • LinkedIn - White Circle
  • Twitter - White Circle

© 2020 MAILMAN GROUP